Air Berlin and Air Lease Corporation sign a sale and lease-back agreement for five aircraft

Tuesday 20, July 2010


Air Berlin and Air Lease Corporation sign a sale and lease-back agreement for five aircraft


The newly founded leasing company Air Lease Corporation, a company led by Steven F. Udvar-Hazy, Chairman/CEO, and Air Berlin have signed a sale and lease-back agreement for one Airbus A320-200, one Airbus A321-200, two Boeing 737-800s and one used A320-200 aircraft which are all equipped with CFM engines.



The first delivery which was the A320-200 already took place on May 19, 2010. The delivery of the second and third aircraft, an A321 and one used A320, were delivered in June 2010. The two Boeing 737-800 aircraft are scheduled for later 2010 as well as for early 2011. 


“We are pleased to announce this valuable transaction for Air Berlin with the newly founded company and its management with whom we enjoy a very trustful relationship. We have thus entered a new strategic partnership and are proud to have had the first joint delivery of an aircraft together with Air Lease Corporation as new Lessor” commented Ulf Hüttmeyer, CFO Air Berlin PLC. 


“Air Berlin has been a successful premium low cost leader in Europe with whom we have a long relationship covering both single aisle and widebody aircraft placements. The first joint delivery to our friends at Air Berlin has further strengthened this relationship” said Steven F. Udvar-Hazy.




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